Temp tech wages stall after earlier gains

After two straight quarters of gains, the wages paid to tech workers at temporary jobs have stalled, according to Yoh Services LLC, a technology staffing firm.

The hourly rate paid to tech workers was $30.99 in the second quarter ended June 30, virtually flat compared to $30.98 an hour in the first quarter.

In a year-to-year comparison, the hourly wages are down 1.41 per cent from last June’s $31.43, reported Yoh.

Whether the latest report is a bellwether of broader technology hiring trends remains to be seen. Tech wages had bottomed out to four-year low of $29.81 an hour last September, but had been increasing until this most recent report.

In the tech job categories tracked by TechServe Alliance, an industry group representing IT services firms, tech employment was down by 300 jobs in June, but even with this decline number of employed tech workers was up 3.39% from the year-ago month.

The alliance compiles its data from the U.S. Labor Dept.’s monthly jobs report.

In June, the U.S. economy added 18,000 jobs overall. The Labor Dept. is due to release on Friday the jobs report for July.

Joel Capperella, senior vice-president of client solutions at Yoh, characterized the wage picture as chaotic, and the recent flattening of wages may be a sign of slowing GDP growth and fallout from the uncertainty created by the debate in Congress over the debt limit.

Capperella isn’t expecting wages to jump dramatically by any means, but “I do see demand (from employers) being consistent.”

Yoh has been collecting wage data for about a decade from a technology labour pool that now includes 1,000 businesses and more than 5,000 technology workers. It conducts its survey 13 times a year.

Dice.com, a jobs board, said in June that a survey of 900 IT managers and recruiters found that 65 per cent said plan on increasing the pace of tech hiring in the second half of the year.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now